BENGALURU: Indonesia’s central bank will wait until the second half of the year before raising rates to nurture economic growth, even though the US Federal Reserve looks likely to tighten monetary policy as soon as March, a Reuters poll showed. Bank Indonesia (BI) Governor Perry Warjiyo said at its December meeting, that normalisation of policy will not […]
Read MoreIndonesian President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, Coordinating Minister for Economic Affairs Airlangga Hartarto has said. Jakarta (VNA) – Indonesian President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, Coordinating Minister for Economic […]
Read MoreJAKARTA (CNA) – Indonesia’s trade surplus narrowed more than expected in December to USD1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowed and imports hit a record high, official data showed yesterday. Southeast Asia’s largest economy has been reporting a trade surplus every month since May 2020, as […]
Read More[JAKARTA] Indonesia will introduce new tax breaks on property and car sales this year in a bid to accelerate its economic recovery from the Covid-19 pandemic as authorities prepare for the spread of the Omicron variant, top officials said on Sunday (Jan 16). New coronavirus infections in Indonesia rose to 1,054 on Saturday, the highest […]
Read MoreTHE STRAITS TIMES – Bolstered by the commodities boom, Indonesia’s economy appears set for a rapid growth rebound in 2022 as a significant decline in COVID-19 cases and deaths prompts easing of social restrictions and the reopening of borders. The country remains the world’s largest exporter of thermal coal and crude palm oil, and the […]
Read MoreJAKARTA : Indonesia’s trade surplus likely shrank to the lowest in five months in December on slower growth in exports and imports, a Reuters survey showed, although Southeast Asia’s biggest economy is on track to post record exports for all of last year. The resource-rich country has been riding an export boom on the back […]
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